Raymond Edward DesRosiers (also known as Ray DesRosiers), of San Mateo, California, a stockbroker registered with Emerson Equity LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $27,000.00 in damages based upon allegations that DesRosiers violated securities laws and breached his fiduciary duties to the customer in connection with the sale of “corporate bonds” when DesRosiers was associated with Emerson Equity LLC. FINRA Arbitration No. 23-03415 (June 1, 2024).
This is not the first time that DesRosiers has been referenced in a customer initiated investment related dispute concerning DesRosiers’ conduct in the securities industry. FINRA Public Disclosure shows that DesRosiers was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled to resolve allegations that DesRosiers was negligent and breached his fiduciary duties in connection with the sale of corporate bonds when DesRosiers was associated with Emerson Equity LLC. FINRA Arbitration No. 23-03416 (June 1, 2024).
DesRosiers has been associated with Eagle Point Securities LLC in Greenwich, Connecticut since March 1, 2024. He was associated with WealthForge Securities LLC in Richmond, Virginia from May 6, 2022, to March 1, 2024, and Emerson Equity LLC in San Mateo, California from March 24, 2017, to May 2, 2022.
